Stuart Roberts, Chief Executive for the Asia Pacific region at Cushman & Wakefield is leaving the global real estate consultancy, industry sources have revealed to Mingtiandi. Inquiries to Cushman & Wakefield regarding Roberts’ status went unanswered at press time and the executive is still listed on the company’s website.
Roberts took the role in February 2015, joining predecessor firm DTZ before its merger with US-based Cushman & Wakefield later that year. The fellow of the Royal Institute of Chartered Surveyors joined DTZ from Australia’s FigTree Capital, but previously served as Asia Pacific Chief Operating Officer at property consultancy JLL for a decade. It is not clear where the 25-year industry veteran is heading next.
Roberts Hired To Drive Asian Growth
Based in Sydney, Roberts was brought on board to lead the growth of DTZ’s more than $500 million commercial real estate services business in the Asia Pacific region, a few weeks after the firm completed a merger with US group Cassidy Turley. The new hire came in tandem with other leadership changes as the company aimed to revamp its Asian operations and capitalise on the brand’s established presence in the Chinese market.
Roberts retained his position following the merger of DTZ with rival player Cushman & Wakefield in September 2015, which created a global top-three commercial real estate consultancy (along with CBRE and JLL). In the new corporate structure, Roberts continued to oversee all Asia Pacific markets of the Chicago-based firm excluding Greater China, which is headed by Edward Cheung.
Cheung, who has been with Cushman & Wakefield and its predecessor agencies in Hong Kong and mainland China since 1993, also holds the title of Chairman of the APAC Board in addition to being Chief Executive of Greater China at the $6 billion global firm.